John Menzies Trust for Scotus College and Catholic Education fiw the Yew E￿28 F¢bnwY 2023 John Mettzle$ Trust for Scoths College Cstholle Edue4tlon Contents RcliYon¢¢ and Admini*mii%E DetsLiIs Truskeg Repori 2104 'meni ofTrus(ee¢ RL'sponsibiliiies I￿lJl￿¢nd S Rukn isknp B T MLth* AlLhbi￿P l. 14, C'ush&￿. Ri)Ik)p 11 r. Ciilkn Flithp ￿￿￿'r71114 P A Nlord AwrhbislM>p fJnLYiiUS M Ci L(irtii Ilisknp J kt4nlln Hith)p J A'liial Fli&lxip IV NOL {d￿'d ill.11.20?2) Ch*r*J. R￿l￿vIl￿N jU￿ber C0274 Prln¢lp*l omtt Bvrr*ii & R¢id l.LP IS (iolthn 54UW¢ AFSIO I ￿,} ,ludlior Va P Grirnki & Cw.. 172 Kell1nha￿h Str < 1.1 8PR C'harks 5hwk'i & Co Limi Anthtii" ￿￿are Èdintwh Lili JtK) Solkl¢ovs Burmi & R¢id LLP 15 Goldcn Sw*e Al￿rd¥*n A8111 IW B#nke l.ImJs T.SB pl¢ A￿'rdccn Hus1￿￿%& LomthKYtt' L¢nI￿. 415 Ilnii>n f¢rrH AiK"rdcL'n AIIIO INJ John Menzies Trnst Cor Stots$ College and Catholic Eduution Trusttts. Report Th¢ ¢l¥s￿$ th¢ w8dhLY with thc fin￿1￿ W¥Yn¥nts ofthc ¢harii)' for lh¢ v¢aT ¢tyJi'd 28 I"cbruary 2023. bje¢ii¥ts xtsd *ttivltits Objtds IThL Truit'% prin¢ipal r￿.1d¢ funds for likn of Cats￿11¢ reliBion and lor ihL educa1￿￿ iil-Latholi¢ Thc main incom¢ dii'i¢kDd$ 8ThJ ljank derii.ed Irom ihL dwiTr'5 invcsErrKnts and baThk l)) ac¢ordanttb i￿. T￿￿ I￿. If￿$￿e5 havL' mak"¢ 3n)' in1.¢￿th￿nts ih¢) 5¢¢ fiL A5 %u¢h. has inVeS￿.d in low rncdium risk iniesErnent& i.c. goiwnmerti s¢curiu¢s and UK sto¢ks.'I'h¢ rund is rnfjnagL￿ by ch￿leS knnk'y & Co Limtwyl with a Virw ￿ maxim￿1￿& in¢omi I￿1h a IL*irl of capitsl ppr44i41ion. I"IK ¢ar¢lully thc MO￿ cthKaJ suiknbilily oI'thL Stocks in whiLh they in%'&L bewefii Th¢ John Mcn7.i¢s Tn￿ ￿1¢ by th"aMIllB 5Wrtill8 Catholic cth]C*iDn in ScNlan includittg making grans ￿ edur*ional and rrli8iou5 I￿leS therebv adV￿￿l￿g cdllcaK)n llnd rEl48ion lor the Lcfil of a wider5cclion public rather EhHn priv4t¢ indii'MJuaJs. Thc thLSt¢¢s confirni ¢k)' ha￿ complicd with tk rtyuwemcnts of Llwit*s TnL4 Irt¥eAmeni IScoti8ttd} A¢1 200) las am¢nd¢dl. irt¢1￿1￿8 ha¥ing the publi¢ kn￿ri1 8uidHn¢¢ publithd bv the or rhe Scoiii5h ThariEy Rcgulator. tlthievtmeuts Amd ptrfom#thtt uring th¢ ycar ¢nd¢il 28 F¢bnwrv 2023. Ihc Trusd ¢<￿Ill￿1 to fuifLI tts win¢ikMt objtdivc uf8dvancin8 th¢ Cthli¢ ￿11￿10￿ and ¢du¢ali￿ by woviding to •NThpri* C*tknlic clwitsblc bodit& Totsl incom¢ for th¢ w7$ £163131 12022.. £14I.659K incre45ed divi&nd it￿{￿￿¢ from invtththi PDrtfolio. Thc Twua mainthin a diversif￿ PDrtfoliD managed on a di￿r￿lO￿ary b&si Duriog thc y¢4f. gran￿ totylling f358.246 Hrr¢ tn furthe￿(£ of Trua's char¢tsbk 'll)L irrflwlcd grants of£59.020 ￿ Blairs Aluscum. EIA126 w th¢ Ca¢knli¢ AT¢hiv¢sathd £298.200 w CNF.T. Trus*es cofflir￿ InvL¥Mertr￿ornW￿ w¢fuU%' tn li8hioftyJ8oing madE¢i vol•iili4y. Pag¢ 2 John Mtnzl¢s Trust for S¢ots5 College and CAtholle Education Trustees, Report {toniiDued) FIMx#elxl revlt Toial incomc for & J'¢aT £163.131 12022.. £141.6591. To¥1 ¥¥rKndiiurc 4rnouThred th E427.326 12022: E325.562K ¢ompris¢ng ini*¥¢m4'ni Mana8v￿￿ of £51.008 12022.. £57.170K ¢harithbl¢ •CELV11K￿ pl. E365.12112022.. C2i8.6171 ￿ 8Dv¢rnwK¢ of £10.4¢n {2022.. £10.(K)5). lThis r¢sulwJ in ¥ neithf*ii yirtson inv¢suwits uf£263.495 (2022.. £184.2031. l)urin8 th¢ )"¢ar. lows on uf £176.4¥112022.' 8ain> 01. £304.9371 r¢CoBniX￿. r¢¥uliin8 in an ov¥Trll n¢1 m0￿m¢nI in fwTJs t)f£1439.9H31 {2022= 8•in ofÉ120.7341. lotsl fund* fonv•xd 4121 treiwwj 2023 £7.365.904 (2022.. £7.1(15.817k Ai IkK year end, fLxed I￿.1 inicsuMAi$ val￿￿ ￿ £7.051.471 1•022.. £7.137,¢117} and cash at bunk ittMiunL.d to £371.715 12022.. £717.2521. Th¢ Tnjth￿ ￿ls*kr th¢ Tr￿ ￿N￿U¢% ￿ m•intsin suifi¢ieni liquidiiy 10 med its orvdoiry wmm¢im¢nts and futur¢ 8rnni.m&kin8 obj&%ii¥'es. P1•ffj5 for fuiurt peAo ThL TnJM¢¢s lo￿nd ￿ I￿n11nut their ￿)litY of • divwsifi¢d thvutsn¢thi wif01￿ ih Ordcr to 8encrAtr ific￿e ¢4Ji41 yowth w supprt th¢ clwrimbk pwpxs ofthc frpJyL Thk. Tnjsi will ts)#linw 10 provid¢ fin4nci•l c￿1￿ Wie& in¢ludit suppjrt fLV h¢rii4¢ pr¢xrv•ii¢brL and on8oity d¢v¢￿F￿￿1 ind Mairtien￿et ofBI#iTS Museum. Th¢ TnJ5Kc$ Mill ¢onlin￿ th r¢view wrnm11nv￿ in Ip4hL of inv¢swKni Frforn￿¢¢ markei ¢0ndilio￿S fv cnsuTC thai th¢ Tr￿ ￿MIl￿$ finAncially Secu￿ fulfilli￿ its IDni-trrni thoTiwbk obj¢rliv¢* rudur4 801'tM•n¢¢ •nd Juhn Mcnzics TnLA for Colk&¢ and c￿1•¢ Ed￿￿1•￿ is * *thich w*s eMxblish¢d by A Tft￿l tk¢d in 1855. T¢ is 4 rwis¢d ¢hwity {VL027490 RKr¥ilmrnl N¢w Ivuskes arc ￿￿rned by fv ¢¥i￿1￿8 Iru5tr¢5 and Ihert Trs ￿tt￿Ul￿r qualificalion NTr wusl¢¢. I loMc%cr. the .1 rwi for many v¢*ts lolkJi*d cias￿￿ of ￿Sum1n1 as a LnLs*e anvoThc is Ehc w>siiion oron¢ ofilK Catholic Rlsl*>p50fs￿lnd. 'I'nLSlccs Nr¢ of thii*s ￿¥￿￿10}Illi¢S in rel￿1￿￿ ￿ lovcrna￿ ind fiwncial 0%rr5i8I￿ of the tharity. John Menzies Trnst for Stotus College And Cxtholic Edue*tion Trustees. Report {contlnu¢d) OrytTviso1i￿¢1I$1ThCth The Aoard of Trus*es onr¢ a )'iYr w *JMirt￿￿y ￿. xui'iics of TIUSL. Thc truskn'% ha¥¢ the dis¢rciioD 10 decide hoii" thc income of Tn￿ &. a￿lled ￿ MCLX IIK. Obje￿1¥c% orth¢ Trusi ¥nd are ¢mSxJi￿.Yl'd 10 ¥n)' wrtith) lif Il* i1￿1*M¢ fur ￿. mainiLYiallcL' of thc Trvsi fun¢J. 'nK' day ￿ dtty Main￿￿1￿cC ol"rh¢ rctor￿￿OI.lhC T¢uM 1$ und¢n•k¢n by & R¢id thc fnjsfs solicitor Objécihys The cl4riiy'& a¢¢ii'itlL% ¥XPDx It ￿ a nurnlK'r Drrirwiriql Tith5 inclu(liTh8 cr¢dii ri5k'. cash ¢Wiv iisk- and liquidiiy rijk. 'I'hc of fin•nci•l th'rivwiY¢s 1$ so￿¥thed by rhariiy's p)li¢ic$ 8pproved by ihL' Ix)ard of LfusiL 4Li¢h proi'id& pr¢n¢¢ple> ott ¢k or rinan¢iil to m*h¥c risks IIL¢ tharii>' noi us¢ dtrii'aiive lin￿CIal insEnun¢nts liw y¢ul*iie pur￿* Cushflow rl 'rht Lharil) ¥ aclivllKs the financill Nsks ofrhaD8&$ in for¢i8n ¢uTh¢ncy ¢YLh*wL and intrr¢￿ Thc ¢huity uses f￿#1￿ exclthnle fvr%wd and ￿1¢￿¢%[ r•* wn¢rxts w I Ihesr e%pJsU￿'* In￿￿$1 liabilities kld * fLYed ensure ¢eMithiy of ush no Crédll rts* The charii! s princip411]n#thti*l irc tAfiK. baknn¢¢s ¢4$1L ￿r r¢ttiv4bl¢* 4nd inY¢Am¥nts. Thc charity s ¢￿di1 risk 1$ primwity •tirilyJthbk w its irnd¢ r¢¢¢iv&bk& Tr M¥Junts presented in the balttnce shed wc n¢1 of alk*wancL¥ for doub￿￿1 rk'¢eivabks. Ath for iM￿lIM¢nI 1$ mad¢ ikrc 1$ In idethi¢fLed 10s8 ev￿¢ which. Jxcvioys ¢x￿lenC¢. is ¢vi&n(¢ of• rcduaion in r¢wvmbiliiy ofthc ¢45h nows. The uedii ri•th OTr liquid funds derivaiiv¢ fm¥KbAI is limited becAuge the c(Amterpart*s b4nk$ with hiih rrrdi¢-rwin8s b). in*rwKxwl ¢r¢dit-rnin8 Thc ¢hariiy no %iyifiwi Con￿￿1￿11￿ of ￿￿11 risk. with cYkK*gJr¢ sw¢•J ovw • l•r8c numb¢r of couD*rp8rti¢s and Uyldlty rly In or&Y w m&inthirt liquidiiy ￿ ensure su[r￿ty fund$ *T¢ •i'•ilabl¢ for owini 0￿r￿1￿*S and ftsiwe dev¢bpm¢ffl% th¢ ¢hwiy' uxs a mixiw¢ ork￿8•￿rnI Ind SI￿￿¢￿￿ fin•n¢¢. Further d¢iaiis Ttwdin8 liquidiiy risk be in the Swtmem of ￿lI£l¢S in the flnancial Re*ppointment Audil)r The audilors Clients IA A¢¢ouN4ncv l.Kni*d *we Tt*pp)in*d undcr 4411 Mcl of lh¢ ChAriiiLY llnd'fr￿ IIivLAmcnE lkn14rMII Acl 2025. Whnual by th tnts￿ ofthethiity ￿ 17 2026 518Lx¥J on its ￿halfb).: ish(wllL TrusrLY Pa8c 4 Jobn Mtthzles Trnst for Seotus College and C*tholl¢ Education S¢*¢ement of Trnsteos, Responsibilitirs 'I'kn. Iru#ets aY¢ r¢spoTrsibli for p¥itwin8 lh¢ r¢wbrt thc finaneial stawn¢ttL4 io a¢¢ordan¢c ￿1th Lhc Un41L'd KinsdLKn A¢¢ouniith8 {Uni￿.d Kin8kn G¢nL'rally AccL'pied Ac¢ouniio8 Prn¢iiccl gnd ApplicgblE law. Athd ￿sU￿110Ns. ThL' laiv appli¢abl. w ch&*11￿% fK'4uI￿% th¢ PrcP￿t find￿1￿1 finan¢ial )¢w iithich Ibve a truc and fair witi%' of ol. a¢Taits of th¢ ¢hvii) •NI or￿￿C incoming ruourcts and applltarion or rrx>w¢¥s ofih¢ chwTiiy fur wK)d. In WLfAWirtK ikn finuKial $1*W'MLn￿ th¢ •re TL'quircd kn: I11￿,￿'L the Ineiw &lMi ￿1￿cIple> in ihL' C'liariiib% SORP.. mJkL' judgemenis ¥n¢J L*AimaK¥ th* w¢ 514K' IthL"thir llppliLYhk' staThlant% bc¢n >ubiLXX ￿ ani. maiirial tyrtur¥$ i%liif¢d and ¢xpl*in4d in Ilie linan¢ithl stsK"nKnts: #n ih4' lin¥ii¥tal *•l¥m¥nts m ihc ¢oin¥ knis il is inap¥M￿SKiaIk Ihai I￿. Tht LfusiL*S are resp)nsibk for kccpire *cr¢xthiin8 rt¢ord¥ lh￿dI￿￿￿ wilh ru9)n•b￿ •¢pJw ai any Illl14 ih4 fI￿n41*1 W%ilK>n ufth¢ ¢harit) 4nd ¢n•bk. Ih¢m ts) ensw¢ ihai thc f￿￿￿¢1$1 ￿l￿mL.niS cDmply with lh¢ Chariiils A¢¢ 2011. Chariii¢s and R¢wrLsl R¢8ulaLions 2(th. and Ehe KKovisions of I ¢im%iiluiion. 'The In]SLces ￿ Rlso rewnsibk for s&fcBuArdirt8 of tht ¢h%rity hence for thkinK veasonabk steps for th ￿￿1￿￿10n •TrJ pf fr4￿ 0Ehtr iryulvili￿. 'ThL IlllStee% ale rtwnsiblL' fur Ehc main*tb•rtr¢ and ititwiry of the #nd llnoneial informiiion ith¢lud¢d on the tharl￿b￿ ¢cffipany'5 ￿￿b$1￿. L¢8isLuion 8ov¢rnin8 th¢ and di55¢miNt￿ll or rin*ncial sts*ments ma). dilT¢r IMM ￿$￿111￿)N irt otkr JUr￿di£l￿N John M¢nzit5 T￿￿¢ for Scotss Collegt and Catholic Eduution Independent Ex*mlntr'5 R¢port to the trnsteo of John Menzies Trust for Seotus College and Catholic Edutation WL have audited th¢ finan¢ial ofjohn MCWI.￿ Tnw for knus Collcgc Catholic l.'durdiFon for thc >rar cndEd 28 Februar4 2023. %4*ith LD[nprI￿ rhe Stsicmeni ofFiDan¢ial A¢iii'iliok Ilalancc Shcei and the rL'lJicd not￿ The rtnart¢ial wrp>rtiog frarnc￿￿rk- thai has •pplid ith dK'ir pr¥pa￿0Th 15 appIl￿ble law and rin*n¢ial R¢pJnin8 8¢andard applicabk in Ehc IJK and Republic of ITL'land IFRS 1021 l¢ff¢¢ii&4 l January 20151- ICharili¢s SURP IfR$ 10211. QualifKyl opinion on I￿. finwKial In our w)inioTh. ex¥Ypi for thL ofik markn5 in thL' H*sis' for (￿lif￿ (lyirtitm pf4TaplL the linan¢ial ststrmcnts.. gli"¥ a fft]¢ and lair ii¢ii lif i￿. i¢ate tsft￿ charii!"s atyairs as * ?8 Fi1￿Jan. ?O?J ofiLb rcAlis for lh¢ ILor then eThJed: h*iL prLIMrLxI ￿ accwdDn¥% iiiih linii¢d Kingthm (NTrrall)" Ac£eNed ACCOU￿1•￿¥ I)racL1￿. Act 2(X)S regUl￿￿>Th 8 of th¢ charli￿ ALxxbWIts IS¢oilarxll Re8ukniions ?OLI6 i L5Amcn¢knli Basis for qll*l*ficd opiwiDN fiNanciil stattxeTrts SiiDifK*ni del*) in pttPNiion of 'Ther£ M7s a substhntial d¢lay th¢ r)nan¢wl Y¢ar¢nd and the preparfwm ofthe fThn¢ial stsienxnts. This ￿sUl￿d in avai￿lI1[Y of¢rmwnFwa￿olls d(#)JrrML￿10n and cxtknaD(m& priKlucin8tstimatitin IK¢rtai#iv and ev5dt*(ial limitaliothk I.iTllited infonn*lwn tnidt mailablc11.t￿It1IIOn of scope) A¢¢¢s$ 10 ac¢ouniinE and wrorting do¢wnCn￿1irfft was ir*(*nple*. Certain paymLMI documc#raiion and undcrlyir* rt¢DTdsWr￿ una%7iLknIt. Tts￿￿￿)￿<￿WabII1lY to ¢￿IC1th on comp1cle￿$s. )0 d5rtt( Itcess ¢ol"rusi¢es Wc h2d rH) direct comTrunicalion with chargcd ￿7th govern￿ wcte unable u)obthin presentat￿rLS dircctty rt%Jm tr￿ All CorrewdL￿(c CondU￿d thrw8h Trw'5 legal Hdvi limiiiTrg Ouf ability ￿ mak¥ inquir￿& as5¢ss govwn•n¢¢o¥ws* and ¢ODfimi ¢oTwltterrtssofdis4losur¢5 lincludin8 related p￿1¢$1. Th¢ abol'¢ maE*f5 resuhcd in & liniwioll ofry aA￿lIf￿d •tdii (yinion forUK yeEr endtd 28 Febtw 2023. John Menzles T￿st for Scoths Coll¢£¢ athd Catholie Educatio Independent Exgmlner's Report to the truste￿ Of John Menzies Trust for ScotUS College Ind CAtholic Education (tontiTrued) C..v•t1￿&iODA r¢lalinR 10 tiiA¢¢rii As part ofihi oudii ofihc fin￿¢¢al suw'ments for thc icar cntrd •8 2023. wL' tonsidcred ihc I'rusie 'ssmtnl ul. the In￿1.5 abiliLTr to cunliDuc a* a 80in8 cs)r￿yll. Wt Mrrt 0￿41n an> r¢pr¢%Triaiions Irorn th¢'frwKr$ rrwdinB win8 conr¢rn. A¢wrdin8ty. Mr ￿[Q￿d I￿111 includitti: . R¥vici% ol'ih¢ Tn￿-S finan¢41 wiiion . ryuminaiiun iJl'invc%¢m¢ni huld¢n85 >*4rtnd 11*￿Il0n5 - Subthniiv¢ Min8 of •￿iLth1￿ infornMEiiin. T￿￿&15 and Maj￿ ihcomc ex[￿d1￿jYc Flw*d on thc ¢vid¢¢K¢ obthincd. hJi¢ ideniif*d any Ma￿•￿ uncertainiies thai s¢8ntfic4ni d￿￿1 on th¢ Tr￿*.$ 4bilii>' Mi (lirtlin￿. ￿ a loi*8 concern for ai El%tlve rtxjnths wthcn Iht fiMnciJl swKm¢nts authrrisL'd for '1￿ financial 5thLcmert% bten preparEd on a goin8 con¢¢rn basi i¢h wt tonsi&'r *ppmpriat¢. As p*rt ofuur ¥udii of￿. fin￿¢111 hvE th¢ informativn irKludd in th¢ ¥nnu•l porL sp¢¢ifi¢ully 1hL'rn￿ ft¢￿rt. Thc Tr￿SIceS arr ￿5￿mE51b￿ for odK'r informaiion. Qhjr opiniun on finanEial sknrerncnES d(￿5 noi cov¢r ¢lK ￿¢1 infonNi1￿ and txwi 10 th¢ tx*rti ¢xpli¢iily 5w*d in uur rew)rL V4r do exprtss 4ny forni LTrfxtyrancc thcr¢oTh. In gJThneciion with our of fiDNKiil our ￿¥￿)￿$￿)111ty li ￿. th infmiiiDn. and in dohi8 9), ¢onsidtr thhv the infovmdion is mwriAlly with th fiNn¢i¥l vr our kmowledRc ￿￿1n¢d in audii or otheTh7*2 ar4￿¥[S to IK rnw¢ri•lty mi55th*d in financial 8ts¢emehtA m*¢riMI missW￿Me￿i0ftht otkn informwion. Ir. iw¢don have ￿rf0￿*d. LI)n¢lud￿ th•1 IkrL 1$ a mii¢riAI missts*m¢ni ofthi$oikn iDforn￿tIO￿. ￿ art to wrA)rt r We hAve rM)thiD4 ￿ r¢FK*n in this wthl. Op5Nlou on othrr m#i¢¢N In our opithttin. b￿1 IIK thkvtsken ih & ¢(ws¢ I￿11". lh¢ infDrmaLion ¥is¢n in lh¢ 'r￿S[￿l Rewrt for the fin*'iBI for ￿tr1¢h Ihe finarKial ￿￿'M¢rtIS W¢ pr¢pRr¢d i% ￿￿41$*nI ivlih finuniiTrl 4arcrn¢n￿.. In Iht Tn￿lttS. R¢yi has b¢￿￿ W¢F4rtd ih accorth￿ knith 4Wi¢abl¢ k8al w¢quir¢m¢nL hl*titM on whkh w¢ are re4Ylred to report by ¢wf¢p¢lDn In lh¢ li8hi ufoui knowlL'd8L llnd un*r4tsffidin8 Of￿ ¢h8rity and i15¢nvirunmrnivitsi￿d in thc co￿. of the xudiL hive r￿1 i0￿1•f￿￿ m*eriil mlsyaknknem￿ in th TnLy¢￿ Pa8¢ 7 John Men25¢5 TThst for Seotw College and Caiholl¢ Educatio Independent Ex#mlneV5 Report to the ITU51ees ofJohD Me￿11¢3 Trust for Scotus Collegt and Catholic Eduutlon (continued) We h*vc Mihin8 ￿ rwi in w¢1 ol. the folknMinR n4u¢rs the CharitiES Inw¢sthi¢ni (Scotlandl Aer 2(M)5 3Thd lh¢ Chariii¢s I%coE1￿) ReBvlaI￿oS 21KI6 las ame￿Ied) re411ir¢4 us 10 rLVW4 1(Tr YLMI if, in our upihlon: UiCOUtitiiig r¥xonl% h*i'L' or r¥XUrnS for our ll￿111 h￿&"¢ Thoi r¥¥xii'¢d rroni hran¥h¢s noi i'isiK'd b>. us.. pr LIK. finaiiciol sw¢m411ts or¥. 111 agrilli￿lI¢ IllEh ilK' ￿l￿ni1￿¥ and rtliwii& or CLnaiN di￿11￿￿￿T¥.>Ol-lnL￿I(leS r¢nIU￿.￿llKjfi s￿lIf￿￿ ￿ 1441"4￿ tMJi ma&.: UT li hJY¥ noir¢¥xiY¢d all iTrfL)rmaiii)n and e¥planaLMMts LwJf4wJiL Ruperih'e ruponslbllllkn •ffnJSie¢S aad Audl¢orA This r¢pDrt is ma(k sDILly the thuril) 5 InLSiCC& •$ a IKWJ). in •cwrdIn￿ ￿1th 4411 I c of th Lh¥riiir¥ and Trusiet InvesLmcrtL {Stoilarbd} Aa 2(M)5 r¢port in xwrdthc¢ with th¢ Acl and rclev•thi rc8ul*iions or htyvin8 cIT¢a Ih¢r¢und¢r. Our wurk has l*¢n lln&.r￿n w th￿1 wt miBhi Lhe tru%k'Lry (hDse mNii¢r4 ￿qUiT¢1 ￿ SWf¢ 10 Ir￿￿¢$ Én an audi￿￿. wKJrt and othtr pul￿**. To the ful￿$1 eyteni perniiiiL'd by l**. do A¢igpt of *wthie ￿4￿￿￿bill￿ w nnyrfflc othcr Th￿ th¢ dwii>' Jnd IrusKY$ as a . fprour •udii for thi$ or for & op￿1￿$ ￿ ￿•￿ fwm¢d AS ¢Ip14in￿ mor¢ fully in thr of Re5FKinsibslilK% Is¢1 p4KL 6). the INAc¢5 rc5ponsibl¥ fry pr￿￿tion ofik finwKiil for bein8 that thcy 8ive g and flir vKw'. WL. have been apwin*d AS iudi¢ors in A¢cothce with g¢aM)rt 44(11 r of the Chariiies and 'l"N#tt Inv¥5tsn¢ni IS¢dlandl Aci 2CWJS r•Yl r¢pon in with Aci. &Jr ￿¥￿Tr$ibilIiY is w wdil th¢ linancigj in with appli￿b￿ wd Sthrthrds M Audiiin8 IUK w¥J lttl*ndl. Those sthndards r¢quiYe us ￿ u¢nity ¢na￿l•llY in¢orre¢i on. OT ma*rially inwn5iSttThr wiih, Ihe knowlcd8c wirzd by us in the cour* ofpcrforminl the audil. If￿ bgcomc *wu¢ ofany appuen¢ m•*rial missLll*mEnts or Inco￿1$[C￿le& Li>nsHlcr thE implicatsons for our r¢I￿rt. A dpscriOKJrt of xop¢ of an *wJii ol. fm•nci•l swem¢nts is provid¢d in APB'S V4rbsits Our rA>j¢ciiv¢s ar¢ T¢￿￿¥b￿ ￿ll*n¢ th¢ fMwiti*l s*mcnLS AS i *holE *r¢ free rTom mlllcrial mis5¢alcmL'nL du¢ ￿ fra￿￿ rjr ¢Thor. aThl w iwJ¢ an •￿j1￿r.S rcport ihai in¢lyJ¥'% our opinion. Rea5￿abl¢ assur•r￿￿. is SL hiih ILVCI of but is thIA Ith audii trJndu¢i¢d in accordan¢e with ISAS IIIKI i%ill alm￿¥* a m•wi¥l misM*mrni li ex￿ Mi$sw¢m¢nts can avise riorn fraud Jnd erMr *nd *¢ consid¢red ma*riiL ifindii'iduallv or ID th¢ •88ww¢. Iky ¢ould ¢xFc*d 11> innwi¢r th¢ deci*uJhs ofu*rs the b*sis oftkse riMn¢￿1 Aatrments. ITr¢8ularLEi¢& LTrcludin8 Ir4ud 4re of fiL￿- oJmp1vdn￿ with law5 wEBulwion* W¢ d¢si8n Prn¥Ldurcs li￿ Mith th]r re4msihililics 4bJtrt. * dL'*¢i m%kni¥l in Y¢V¢E of irr¥ylariii¢s. bn¢ludin8 frdud. Tr wi￿￿1 w 4thith r￿￿ed￿￿$ ¢4xble 0rdc￿lIng i¥re8ulari¢i¢& ￿clUdIng frnU￿ 15 ¢kwikd IK'k)w. John Menzies Trus¢ for Sco¢tsS Colltge #nd C*tholic Ed¥cxtio Indeptndent Examinevs Report io the trnstees of John MC￿z1t$ Tru$¢ for Seolus Colltgt and Catholic Edu¢itlon (¢tsthtlttued) We 0￿41￿¢d • uThjVs￿inE of ihc l¢g•l •nd rLTulJtoTh' fr*m¢*Thk' Ihgi ar¢ •w>lic•bk. w Ihe cnLiiV d¢iimiiiKd lh￿ lh¢ mo$1 5i¥nificAnL Ln TL.laLir￿ EO amounLS diselogjrcs in ih¢ fina￿la1 Sraiemcnts tsf Re¢omnk'n￿.d Pra¢iic¢ aFWi¢ablc 10 Chariii¢s Ikir ￿￿ordance with FRS 102 Finan¢i21 R¢￿n1Th£ SL4ndard applicRbk' in thc UK ind Rryhlic of Ir¢land. WL th¢ r￿kS mis¥¥¢Th￿l du¢ b). ¢(thsidrrin8 ¢k ofihc aciiviii¢$ and i%thLihcT Certain Arw ¢Jr ryUCL*%CS uc IbkLI) io bc susceNiblL lo irrcBular¢iic* We ilyTr considered Tvusi's iiwn risk. m*rw¥¥M¥￿1 tKw¢durcs awj l￿n￿OIS 51**rns and ￿￿TL. cunsistLrth" appliod B￿0 on Ik r¢￿1￿ of w risk" assewm'ni M. dr￿S￿d ow I￿j•1 i¢kniif} non compli4ncL M'ith s￿h la)￿ #Thd rL'8ulaiK)rL% idL'nLilied alx>i'L. 7Th(￿. woccdurts inclu&yl . ih¢ fin4n¥iiil 5¢al¢￿nts di54l¥wr¥s w under1￿1￿4 ¥UrqK)rtin4docum￿1Nyrt . mukinb nprmprwtr ¢nquiril￿ L)f manag¢m¢DI . rL'vitw ul'minuLL¥ i)[ fry5*¢ mcfflings th¢ yc•r . ob¢ainin8 in un&TAandin8 ufih¢ Lminthil ¥￿iLT￿nmen1 in r￿pIl￿n¢t with rtquLqiions. Wc ¢onsi&r¥d IIK risk of fraud throu￿ o%erridc of vJntrol* ￿￿1¢. rinan¢i41 r¢¢iAs for unusual trans￿iDn$ or withtyji • sui5f4cw ¢xplaTration. No ims ￿￿¢ id¢n¢ifi¢d. Lst of r¢porl Thii fL'W>rt is sokly w th¢ I￿￿'S m¢mb¢ts u i ixxS'. in %¢mIan￿ wth th& ￿lIon 44 111 1¢) uf ihL ChAriii¢s and TrusK¢ Inv¢#m¢ni IS¢¢xlaThll Ael 21X)5 aThl r￿￿￿110￿ 10 rf the Chtrii¢S Re8¥1￿￿5 2006 Ills *mcndcdl. (hw ix¢n ￿t￿r￿k¢n w ihai mi8hi s￿¢ w Ihe members maii¢rs *t Ire rtquir¢d ItTr them in th audi¢or's Tewjrt afvj for M other pufp)*. To the fullt$i extrfii pcrmillcd by law. ￿ do Mi acccpl Te4K¥nsibiliiy oth¢r Ilwi thr T￿￿ and iruxe¢5 •5 a IxN]yi for our audii work or for upinians wi h•v¢ ron￿d. John Menzies Trust for Scoius College and C#thnlir F.ducation Indcpcndcni Eiarniner's R¢pnrt Iv ihc trustces of.lohn Ilen¥.ies Trust for Scotus C1)Ilc￿e And Catholic F.du¢#tion Irvntinucd) C'hJrt4tyJ ( ¥rilli￿a AiL41un1￿n1* and A￿11￿)[5 171 KL1binh￿Ugh Sir¥LI 11 John Menzies Trust for Seotus College and Catholic Educalion Stattment of Financial Activitie5 for the Year Ended 28 February 2023 I'nrc51rlcttd 2023 163.831 163.831 Inve￿￿￿nE mJnaBLlllini co%ts 151.(X)I l.lfii.8211 110.497 151.fj081 Goi'iillat)cc c()sis ToLIl e%￿ridi1UrL. Gain￿11)$￿&,J on invL'SlinLni ass1.ts 14?7.3261 1176.488 1427..3?61 176.4x8 Ner cxpcndiiiirL' 1439.9831 439.983 Nci tllO%"LSIiLni ia lutths 14?9.98?1 14?9.98J i Goi'ernance costs To&1 ¥xrKiidilurL' Gain￿￿}8%￿5 on inve%im¢oi {)) j.86?Tr 3(H.9i7 ( j25.86•1 3U4.937 N¢1 inu)nii 120.734 120.734 Net rnOTrsemLlii iii liinds 12Q.7J4 120.7)4 Rte0￿ClI5￿IWjn vf Total lunds bniiiglLI lini'ard 7.685.1 i3 7.1)%i.l >l lunJs ￿rrI¥*j loniTrr 7.805.887 7.1105.8R7 The notcs ￿Be1 13 to 11 fnrm an in*8rn1 part of ￿e fLn4ncial ￿&￿￿en15. PggL 11 John Mellzies Trust for Scoths C•lleKe and Cxthollc Educ8tiDn IR£gistrntion number: SC027490> Ba14nce Sheel as at 28 Fcbruary 2023 2023 2022 7.137.1)17 I'urrenl a%stiJ 2.4nl -171.7*5 -174.18 blink lind ith liand 717.2J2 718.935 C'rtdliiits.. .ImouThli f&lllNi *'lthln )'t4r 15Y.7bOI 150.¥HS ¢1 tvrr¢nt assL•L% .114.42fi 667.¥7 7.365.Y04 7.8Q5.%117 nd% iifih¢ rharlty: I'nrvAlrlcted Incoffl¢ 7.365.Y04 7.tIOS.8117 T(bi#l 7.365.904 7.805.8R7 The finonLioI 5wements on pag¢s I I ￿ 21 wer¢ approvcd by ihe thIs￿e¥ athd auihor15¢d for issue Ott 17 Marth 2026 and SI￿¢￿ on theSr behaifby,, Bishi 'rrustL*' L (isllxirt The no¢¢s on pa8¢s 13 10 21 fomi an intQ8ral of these finan¢ithl ￿￿emen VJg4' 12 John Mettzles Trnst for Seoths Collryt #nd Catholic Education Notes to the Fln•n¢hl Stsiem¢llts for th¢ Year Ended 28 February 2023 l A¢typuo1ir4% p)li¢it5 'th¢ linatKial S¢alb'm¢nts h•"c oLiyartd in acro￿. ￿7th •liC￿l¢ Lnii¢d Kingdom 8£WWJfinR sr¥ndard& including Fillancial ￿.[m>ning SrarHlard 102 Tk. Financial R&￿rtIng Standthj aM)li¢4blc in Ihc UK amd Republi¢ UriTEia￿ and the Charities S&*n￿lO[ReCOMMerUkn1 Prxtice IFKS 1021 issllcd in Juty 2014. Thr acrounis hawt alxp be￿ prEparLyI in arcordance with ihc Charities and Trt￿te Inv¢￿m¢ffi (SC￿￿) A 2(K)5 and ihe Charilics AccouThts (Scoilandl Regul￿70rL5 2L¥J6 1&5 arrbewledl. Basis of prepaTXtio John MLTh7iCS for s￿ Loll¥%¢ ¥rnt C¥UK*li¢ l.thai*)n mcths thc def￿11￿ of a ￿bliC benefii enLIIy ￿￿￿r FRS 102. Th¢ acwunts (rmat*ial s**n￿$)1>1 ha%L pr¢p8T¢d unthr ￿ hiswri¢al coni'¢niion ith i*m5 r¢¢o8nssed i.aiw urtkss oth¢tTrwis¢ ststrd in th¢ Kkwani Th)*lsl w th¢ aG¢ouTht& Th¢ InL*c5 ¢onsid¢r th¢r¢ un¢cnainiic5 alw k dwity'5 ability 10 wnilliu¢ 1$ 4 going Income aAd vidertds rLwthised onr¢ & dividend has t¢¢n ¢k¢l•rd NTrtifi￿i[MJ 1¥5 rrcetved orthe dividertd Expellditwrc All ¢¥FK￿d•1UrQ is r¢¢o8rtised ortCL' th¢Tf 15 # kgal or obliwwjn io thai ¢4K*dilurv. il is problbk. s¢iil¢ment is trquired al￿ amouni can m¢asurd rcliably. All at¢ alioca*d to the applicabk exper￿lI￿re heRdin8 thai 288r¢ga* Simil￿ •)sts th thai &*¢gOry. Wkn ¢ow ¢anll￿ ￿ dir¢cEJy llttribut¢d particular h¢*dings ¢hty ha%.¢ I￿en aliocatrd a tASiS CQfiSLSLcni with ihc ust of r¢￿Vr￿ with ttntsal st81l' eosts allo¢&k￿ on of iimL s￿n4 and &pTeciaion charw alioca*d on 5x¥r￿n oftht &%sa's ￿. OthET ￿pPOrt costs are ￿lOCa￿d on thc sprc*l ofst•lT•)* The* at¢ ¢o*s incuntd in allrdciLhB intonK [thany￿1 of invcsune#ts irml t1￿ irttuntd in iTadin8 aeiii'iiies ihaE Ai* fuThl5. Cho17147bl¢acliviii¢s Chsrtthlc cX￿nditUre Ly>WIX￿ invjryed by th¢ chariiv ID th¢ d¢liwy ofits aa1vili￿ sery¢¢es for its ￿￿￿'fi￿VaTie& IE include5 trrtmh C05LS thal caTh Ix alioc*¢d dir¢aly a￿1VIllLS and those COSLS ofaTh indir¢rl naLurL thLTr. GMRlprmYxi*MS Prov¢$￿￿$ for grnms ue mwk. when ￿. intrniion kn mak.e a 8rani Ixs Lwi cOm￿￿niC*¥d io thL rttipieni IA]i there is un¢erf¥iniy aknrteitknthc lirnifi8 Brzntor th wTh)wthof8rnnt payablc. P•ee 13 John Menzies Trust for Scoths College xttd C•tholl¢ Edu¢*tio Notes ¢0 the Flnan¢i41 Statements for the Year Ended 28 Febrn*ry 2023 {¢ontinued) Govcrwance cosls IknLfL' include th¢ 4. tynp147nce iThh co[L￿lIU1￿>Traj r¢quiTCtn¢tr& in¢ludin8 awJiL SIT*'8ie managcmeni aNd thist￿ rr￿*￿ings1E￿l ￿lmbu￿￿j¢¥w￿. 7¥141ity I'h¥ ¢hwiL>' is cx¢mw fyom its thari&blE aditrilic TanRibk f•Ted wets Fixcd &%sets hai"e hisroriol1I. irtlU￿ * the v71¥•K>n 8i%¢n #i lime of thttr incorr1￿10th into th¢ rinan4ial SEat¢m¢nts in 1999. SuiwqwLt wjdiiio￿￿ ￿ inrlwkd Deprcciation aud arnortiixtiom n¢prnxiution is w0vid¥￿ on tsn8ibk. LD ￿Ti* orr the ur aTr¥ calma￿d residwl valuc. ovcr th¢r¢X￿¥d u5¢ful t¢thwmi¢ life as folh)*x F￿ld I￿lIdIng$ 2%perannum rX￿ndillWe on fixed asgcts is withI￿ed the ts Ma*T1￿ to the finx￿111 StsLemen¢ FiIed invuim¢DII Fixed &*sci Inve$¢thKn￿ than wjgrammc rrL*d are i￿l￿ded at mathi Va]￿ ai th¢ balan¢¢ 5heL* d81¢. Rvdli5ed Bains 8nd los¥e5 on *r¢ ¢ak￿la￿j *s the diifercrLee L*É¥*en salcs p￿￿ted$ othd th¢ir nwk¢i valK ai ￿. s¢art orth¢ y¢ar. th¢ir eosL •hd are charBed or LTedi*d ￿ the Sts*menL ofFinath¢ial A¢iLVI(i¢s ord￿￿)Stil Ullrr4Jis¢d 84uJs and Jo&srs r¢tXES¢TrI tr mov¢w*N ￿ mth ¥￿￿¢$ the yw and aye ￿Edithd or har¥¥d w Eh¢ Sw¢m¢ni of Finan¢ial Aoii'iii¢% b•s¢d on thr rnark.ci valw ￿ thc ycaren And cash equiviltnts Cash and cash cquivaknts ¢OMw￿ cash on bafvj aThJ L*ll odKr slm-tcrni h￿hlY liquid in¥L￿¢r￿¢rtL* that art rtadity 0)nt￿rt￿y￿ ￿ a of cash 3nd wr 4n i￿lS￿lf1¢•nT risL" of chHnge in valu¢. BorrnwiAgJ In*r¢N1.karir¥ E4xmwings ￿ In1￿]ty t¢¢oTthd ￿ fair of tsan5aaiun cosL& IntCTCSE.Earin8 bLYrDivings art yJbscqwnily Ca￿7td at amortised differ¢rK¢ thc wo¢¢¢d& w or Iraiisaciion and thL anw)unt dut ott rtthmptim T¢Wn￿Cd ￿ a cha￿e ￿ the Sta*ffl¢ni of Financial ALEI%IIlL￿ over ￿n￿￿1'[he tekvani borroM'in8. InK'r¢si is I￿ogniS¢￿ on vl. th ¢lT¢ctiv¢ intrr¢A and is iLKlu&xi in i￿￿￿¢st payabl¢ and similar¢hargt ElorroNin85 4r¢ ¢l•ssifi¢d as urr¢ni liabiliii¢5 unlcss th¢ r4wity h&% an unoindiiional righi 10 dtfLY settkmcni or IIK. Ir4bilÈty for* l¢as t￿¢[¥¢ nKbn¢lL5 aner ￿. r￿￿￿]ng Pa8e 14 John Menzies Trust for Scotus College And C8thollc Education Nole5 to ihe Flnanclwl Statements for the Year Ended 28 Febru4ry 2023 (continued) sirth. Desiindtsd lurtd$ llrL' Iinfc$iriC￿Tr￿ lunds SL'I psidL' lor $N¢ifi¢ puny0￿,5 41 Ihi diSc￿lILl￿ ul'ihL Irusl¥¥$. R¢sir1¢￿I¢j lunds lan i>nl> bi. liir pwtiiulur r¢sir1¥￿￿ purpDsL$ i%'iihin lh¢ iihjL'cts ol-1￿. ¢hiriLy. Restiierions ori&c %vhL'II %PL'cified b> IhL' diiniir iTrr ivhLn fuThds Are rdl.*'d liTrr purtlLuldr r&.￿LrI¥l￿1d r￿r￿￿￿$. FlnBnclAI lThstrumen ClassU7c4ilon FinaaciHI J>YCL4 Rnd fLngn¢ial liubiliiiLs T¥w8niJ¢d th¢ ihwily bL%tsm¥i * wri). io IhL L(￿In1£1￿￿1 pry)I'isions Dfilte in$irum¢ni. FinanLial I¢¥Lbiliii¢'s ind equiii. I￿￿mMl.￿Ls 8fL' Ll¥s5ifiL'¢J llL¢w¢Jing iiTr (hL' sub.Fi*n¢¢ of conlru¢iu41 arraNILmenLg Clllcrcd inlo. An c4uii!' in51rumrnl i$ ￿Y ¢Olllra¢i Ihai ti'i¢J¢nccs i rtsidual ini¢r mcllsurcd 41 fair voluc liyhich 1% normAII) t￿. tran5BclioTh pri&¢ L Y¢ludinB IT4ll5acliort L￿%1￿). unlL'SS Ihe arran￿l'M¢,nI 4(msiiiuK's rJnun¢in8 Ir4Trsu¢iion. Ir Hn HTran8cmcni ¢0nsiiiu￿S a finllncing ¢ransHriion. lh¢ fir*¥nciHI Lssei or finox¢i¥l liabiliiy is me&wr¢d 01 IhL' w¢ycDI valu¢ uf IhL fllwre p*ym¢thL% di¥4truni&yl tti * m*rk¢i T#* uf fur similu debi insirumL'ni. l inan¢i41 a55a5 and liabiliii¢5 arc onb. ofYJci in lh¢ *aKm¢nl ol. fin4ncial w$ilion Ind vnl). wh¢n Ih¢r¢ ¢Xlsts a legally enforceable ri8hi 10 sL*I oITthe feco8nised amoun￿ and Ihc charli> ini¢nds ¢iih¢r 10 xiik ri buis vr lo ￿4)1% th¢ a55¢1 and srfik. Ihc linbility Simulw￿u￿$Iy. Finan¢ial are de￿O￿l￿.d MhLn #fid only al Ihe ¢i•nirathu41 righ￿ lo lh¢ ¢ll5h 110115 Iroffl I ritt#n¢i41 as￿¢ Cxpl￿ or 4r¢ ￿tl￿d. bl ¢lK' chariiy wan¥fLr5 iu #npili¥r p#rty $ub$wniiall)' all of Ihe ri$k$ At rrM'4rd$ of O￿T￿TShiP of Ihc finan¢iHI or ¢1 Ihc chariiy. thspil¢ h4vin8 ￿taIn¢d som¢. I￿1 rtoi 011, si8nificRni ri¥k& *nd re￿r￿¥ vrow￿r¥b1p. h45 IT*n$f¥rr¢d ¢unirvl ufih¥ w llnTrihL'r party. Finan¢ial liabiliiies ayt de¥eco8nis¢d onty whcn ihL tsbliiaiion spe¢ifitd ith th¢ conirxi is dis¢hu8td. ¢ancellcd orcxpir¢$. Ihveslments II>vL'$imcrhL% in nvnrfonb¥nibl& pr¢f4rLn¢¢ %harL% ond non-pumbk. ordinary OT P￿l¢r4￿c¢ sh¥r¢$ Iwh¥N' $hat¢i arc publicly Ir4dL'd or Ilicir Idir i4luL' is fL'liabl) mLdsurdbk.l Jrc mi&%urL'd ai lilr Ilirougli prolii or Ius5. Wkncrc fair valuL cllrtn￿ b¢ m¥.asu￿d r¥liably, 1nb¥sim¥n￿ ar¢ mc4¥ur¥d al w$1 k'¥$ impthirmL#I. Puge 15 John Menzies Trnst for Stoths ColleE¢ avd Catholic Education Note5 to the FinanciAI Ststements for the Yt¥r Ended 28 Febrnary 2023 (continued) Thc chaTii)' Uses deri%•Eiif fLnancial insmLments w redu¢¢ L'xpv5ufL' ID IoTfi8ll LxchHn8L rith and iniLYL'SE rale mDI'ements. The chants. ths noi hold or isw d¢r11￿￿￿ fithancial instru￿C￿ts for 5￿culai1¥¥ puryx>%cs. [krI￿all￿r$ are Initiall￿ rtcogDis¢d ai fair a ¢k'rii'aii¥L Cimlrn¢l 1% ¢t￿￿'r¢d inw and ar¢ subscquenily reMe￿red ￿ ikir fair Yaluc al each Ter￿ing daK'. Th. ￿￿117￿# gairt or lo￿5 1% rLwniK'd in sta￿l￿Tri ol- financial aciiviEiCS immcdi41¢1)' unks5 lh¢ d¢n¥ali￿¢ is dcsi8naltd and clliXtiNL' a5 a hcdgin8 insirnmcni. in which ci.eni the limin8 of (he rcco8nilmj￿ in siaicmcTrL OF finan¥i*l *iii'illLS d¢￿ThL4 on th¢ nature of the re￿[lOn5h￿Tr. F&iT eb'idtncc or rair Val￿ is z qwicd price for id¢ffli¢al *￿t ￿ an a¢iii"I maTkn. WhL'll A￿￿.d PriCES are una%7ilabk. (he price of a recenl iran&aLiiUn fthr an i(kniic*l a￿¢1 pmiidL¥ ebidcncc or rair I71uc Ls lon8 as rL' ha> noi b¢¢n a signifjrani ¢han¥¥ ¥xxTr]4Trmir ritrumswKc5 or a si8nifKani La￿ of Lim¢ sincL' I transaciion took pLqcc. Tr ￿ m3rkLI Is nDI a¢ui'¢ ¥tkl re¢¢ni IraitsacliDthS of IdL￿1￿￿t assci on their OIITi are tw¢ a Csiimate of fair ¥ak*. the fair iscxima*d b). Kdkniy. 2 liiesimeni Ineomt thd5 GeAer¥l Tot*1 fun￿1 Ikrosii a¢wuni iDtrr¢ Dli'idemds re¢Liird End￿Yment Tr￿slOrRc DioceseofAbcrdcen 488 163.J3? Tot￿ Cor 20LI 163.831 163.831 To¢al C•r 2022 141.659 141.659 ID)'¢sim¢wJi m*•ag¢m¢41 ¢051s I'llr￿ri¢Ie T•tsl fund Gentr•l Invesuneni mwag¢Mi¢ni f¢&4 51.LK18 51.008 Total for 2023 51.(K)I 51.008 I"otxl fwr 2012 57.170 57.170 P4¢ 16 John Menzles Trust for Scoths College And C*fhollt Edll￿t￿n Note5 to tht Fin*Treial Ststemtttts for the Year Ended 28 Februxry 2023 (eontiftued) lolil <051$ 4 Eipettdliire •h ehxrilahk *rfiiiti¢s l Jr¢Mri¢*d rind5 r•eDerxl fun& DirLYi COSE% ofch2ritsbl¢ a¢iii'i¢i¥S GThnt paiahk.. Blairs ¥IuiL'um Grant paiahk.: The 5cotiish LJEIM)lic..Irchiii Grani ￿)￿h￿-. CTh'ET CrtiierndnLL CITr 7.)75 j9.0? 7.575 ig.U?V i.o?6 298._WO IU.497 ?98.2(Kl 10.497 Tolal for 2023 J76.318 ?76.31¥ To￿1 for 2022 26¥.69? 268.692 ab)%r grani payments rcrKcscni th2 TrIL￿'s a8fEed awar& Lo those partiLwlar in￿11￿10￿5 ￿ wovi& fut ror the fuTthcrarKe of Catholic religion and for the edy¢aion (bf Cthli¢& "[l￿e ar5K)unts arc Hgrccd ai a meeiinR ofTTUSE¢eSOn an annual basi& 4 An*l>w rlf goi'eTr*Dtt *nd sllPP•rt t•sts Ci•vern*#cc tosts l llreslritted Total C•eiieNI I]roliss￿naI A¢¢outh￿n￿ f￿$ The audil ofrhe Ch￿l￿'S0￿￿U￿l accoun 1.617 4.440 4.440 4.440 4.44D Tot¥1 for 202J 10.497 10.497 To¢*1 for 2022 10.(KJi 10.LK)i 6 Tru%i¢¢% *tyd rxprn5 No tr￿￿ee￿ wr any ￿l￿nS conn¢acd r¢¢¢iv¢d any rmunenLiiDll fTDm thc chariiy during hav¢ r￿Cl¥¢d an!. rrimburxd ¢xrÉnxs(ff m othcr be￿rIts from ¢hJrity 4YALrinR yw. Py17 Johu Menzles Tn￿1 for ScotU5 College and Catholic Education Notes to tbe Fln#n¢l*l St*¢¢wewts for the Ye4r Ended 28 Febrnary 2023 (eontlnued) 7 Taiulion The ch*iLy is a TcBiS*￿d chariiy aThJ sthertfotc fnim I blxEd a#sct ihi"¢s¢m¢nts 2023 2D22 7.051.478 7.li7.917 PIE¢ 18 John Menzies Trust for Scotus Colle2e *nd C4thollt Edlleatiott Notes to the F1h•￿¢1#1 Stat¢￿ents for the Y¢8r Ended 28 Febrnary 21ll3 {conlinued) OthtT investments Tot*1 Ai l NlaTih 2ti?2 R¢%.alU￿W)n AddkEIUttS Di￿05￿15 6.li7.571 112i.4NMb) 585.)81 (ill? 287) l.O(Kl.348 {11.6071 i2J.375 [335.?97} 7.1.17.919 %.656 11.17.5141 Ai 28 Febnjarn ?U?3 6.094.659 Y56.819 7.U51.478 book i'al¥¢ Ai 28 F¢brwTh" 20?3 6.094.6i9 9)6.819 7.Oi1.478 Ai 28 FebruaTh. ?027 6.137.571 I.IXKI.341 7.137.Illy 9 Debiovs 2022 A¢4Yy¢d inc(xr Oth¢i d¢biors 1401 1.703 L401 1.703 10 c.ash and CqTAi*ilents 20ZJ 2012 C&th ai bank J71.78i 717.252 J I Crediiors: *m•llits falli￿ due withill OD¢ y¢ar 2023 2•22 AccnLAIs 59.760 50.985 12 Page 19 John Memilts Trnsi for S¢otus College *Ad C•iholic Educ4¢io Notes to tbe Finantknl Staiements for ihe Year Ended 28 February 2023 (tontihued) Inil¥dLxl in th¢ R¢50urrc5¢¥Fn￿ is W*n¢¢ 10r*th the prc%i0￿}'￿ 4m(KUlElll8 to 7.805J8712022.. £7,685.153 kes•yr¢ Ilthl*Trte 28 FehrnAn' 2023 I'Thr¢￿￿tI¢d fundj 163.¥Jl 7.201073 1726.2611 (>.639.643 Ik'.4igThaK.d 72￿261 726.261 I'ot*l 163.831 7.2112.073 7.365.Y(H r¢50ur¢ Trn•Afer¥ F¢brn4TY 2022 'Nre%irl¢¢ed (1¢￿1•1 141.fi59 7.664.22B 172&261 7.079.626 726.261 Tol*l 141.659 7.664.228 7.8LIS.8¥7 P4¢ 20 Jobn MeDzie5 Trust for Stots$ College C4iholic Educatio Notes to ¢he Fln*ncial Sthtrmtnts for the Yur EDded 28 February 2023 (continued) rksi8nthted fund% reprekmi amouTrL% ￿.1 asid¥ b) th¢ T￿￿>￿￿ for purp)￿* Thc d¢si8naltd [￿d balarhcc 01. £726J61 12022.. E72&2611 continws mairttairtd in 'lYus*c decisions madc irb prior years. rL'txeseniinp T¥￿in¢￿ pn)¢rtds from rhe knLIL% LollLV sak.. ThLY¢ IlflL' no mvements on the designaled duri[¥ ik. YLW and th baLqnc< temains £726261 {2022: £726.261l Ruli5ed tAin¥ iud Iw5¢5 OD im'¢51JD¢•i wets Rtralk*d Bains and l(W5 4Lrise on th¢ disEx>sal ass¢ts during thc >ear gnd TL'prc*ni the dirrLYence th¢ saLl¥ prLK¢¢ds and th¢ carrvin¥ l.ah￿ ol'the ass¢tsdisJwdor. Ihring !Thr. th Tn￿ r¢all￿ g4in$of£4(W (2022.. £54.497)oth the diswl ofinvestsncni assd& I'nr¢•ltsed 2AiaS •nd losxs I￿￿1￿¢￿¢ •w Unr¢Hli%d gal￿ and 10s5cs r¢prc%ni mov¢menES in the mrtCL ￿]￿E of InTrt5th￿ h¢id ￿ the y¢aT 8¢¥J 4r¢ re¢ogn¢s¢d in th¢ Sts*m¢ni ofFinarKial Adivsii¢* Durin8 thc yeHr. ￿ Tnty recognised unrcaliscd of£22i.446 12022: ￿n￿alised 8ain5 £25Q440) arising rTom th¢ r¢v81uaiion ofiis*d inw¢sm¢nts and other ink¢suneffl holding% (Mhtr rewrtised 1•55ts Oth¢r reco￿1$¢{1 g*tDs ￿ lo￿5 rew¢￿1 witsl Ytt¢¢pts and wai￿lOn ￿￿¥¢￿ents tkn do tMJi form prl or i￿. TruA's r¢Vin￿ incomL'. Th¢r¢ We￿ Tr) ￿ rc¢ognixd ymjsor h)ss¢s duri￿ th¢ y¢•rl2022: £nill 13 Rtlated prty Irwxiions During thc vear chwKv m•J¢ the folk)*ire I¢￿*d wty CNF.T Th¢ Tn￿￿5 ofih¢ John M¢n&ies Trw¢ s¢￿￿$ C'olkge Ind Cthi¢ Edu¢*ion 4r¢ 41yb EnLs*es ofcNET Idlw kn0%%7) thi Bishop%' CortfcTtnCi ur￿￿11a￿l1. DuTill¥ lh¢ ycar. Ik fr￿ffl tr4tk*fertEd £i9,020 Lo Blairs m￿ltE￿ £1.026 w the cal￿￿11¢ Archives and £298.200 to cwI-.r. In ￿or l'ea￿ r￿n￿5 diwitAX¢LIl lu CNET ¢n orth¥ s¢¢oTrd ￿9&1m¥m1 orth¢ S¥ and associa￿d distribuEiOTL% ofsurplus salc pro£tt￿ No 0￿ed ai thL 1'earer￿. All IrdTW¢lions rtldLid ¥Ttc UnthfiakL￿ Lwh an anii's Ic[￿th basis in lurtk.mc¢ orth¢"1"n￿l.5 ¢h*rithble obicth¢v¢ PJ8e21 John Menzies Trnst for S¢oiu$ College C#tholle Edut#tlon Detailed St4temeni ofFlngnelal Actlvltles for the Year Ended 28 Februqry 21123 l ot¥1 21123 101*1 2022 163.X31 141.639 Ib3.831 141.659 .¥ptndlture oTr'. 151.onxi 376.118 C'hnriTAhlL aL'Iii'1iiL'￿ (llnylj'￿'d ￿.1￿1vI 268.692 1427..326 1325.86? NL'I L.%￿11￿1111fL' 26.1.41J5 1114.2UA 126.7.4Y5 I{Tr￿1 IlJnJ.4 t>rt¥u¥hi lor4%*rd 7.#lJ5.#87 7.685.15.1 7.542.392 7.51IU.¥5V This ￿8¢ docs noi fomi rArt ol'ihc S1811110ry financial sialernertts. John Mtnzles Trust for Seotus College *nd Catholle Education Det*ll¢d Staternent of Finaneial Activities for the Year Ended 28 February 2023 (continued) I'(*tal 1.01*1 2022 21123 ljive.fim*iiiliicwi In£￿177e Ir(im listed ini' Luan inlLfL'%L incoiii 103.831 141.6)9 AdininisLfaLion ol. ini.e.￿MeniS 51.0081 ISI.OD81 IS7.170 157.1701 Cliorilubltt adiiylitts Jrani pa)'ablc= Blair4 Grllnt pu)able.' Th. Sioiiish Qa(hL)lic ArL'hiiL's Grant PiLyable". RC I)IOL*se ol'Argi}11 &'IThL Isles roTht pa)'ahle'. CNEI. SLry)lus l.ibrary L'y￿￿1* l>rol£ssional f¢¢5 ALcountsnL>' ltis ' audil ol'Ehe chdriLJ'S atmuol atcollni% 151).0?Oi 11.0261 (2.5001 1198.487) {0.4U4) 12Y¥.2001 17.57il 14.440 4.440 {.376.318} 14.140) -￿4.1402 2()8.6y?) This doos form part ofihc staiutory finsncial st&*ments. P&gi 23